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Company Snapshot: HDFC Bank

  • Jun 16th, 2017
HDFC Bank

About the Company

HDFC (Housing Development Finance Corporation) Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It is the largest and most valued bank in India by market value of Rs 4,22,700 crore (nearly $66 billion) as of June 2017 . HDFC Bank is the third-biggest company in terms of market cap behind Tata Consultancy Services (TCS) - Rs 496,843 crore ($77 billion) and Reliance Industries - valued at Rs 432,408 crore ($67 billion) (as of June 2017). Its not only focusing Indian market but has a presence in Bahrain, Hong Kong and Dubai also.

Operation-

 As of March 31, 2017

  • Number of Cities/Towns in Operation - 2,657
  • Branches - 4,715
  • ATM's - 12,260
  • Point-of-sale (POS) - 235,000

Leadership -

  • Managing Director: Aditya Puri
  • Deputy Managing Director:  Paresh Sukthankar
  • Executive Director: Kaizad Bharucha
  • Chief Financial Officer: Sashi Jagdishan

Number of employees: 84,325 as of March 31, 2017.

Product & Services:

Wholesale Banking

NRI Banking

Retail Banking

  • Corporate
  • Small & Medium Enterprises
  • Financial Institutions & Trusts
  • Government Sector
  • Accounts & Deposits  
  • Remittances  
  • Investments & Insurance Loans  Payment Services

 

  • Accounts & Deposits
  • Loans
  • Cards
  • Forex
  • Investments
  • Insurance
  • ATMs
  • Phone Banking
  • NetBanking
  • Mobile Banking.

 History -

  • 1994 - The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of RBI’s liberalisation of the Indian Banking Industry in 1994.
  • The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India.
  • 1995 - HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.

Shareholders Pattern - HDFC Bank:        

Holder’s

% Share Holding.    

Housing Development Finance Corporation Limited.      

18.82

HDFC Investments Limited

7.18

Foreign Institutional Investor (FIIs)

42.13

Domestic institutional Investors( DIIs)

12.94

Others

18.93

Subsidiaries of HDFC Bank:                  

  • HDFC Securities Limited (HSL)  is a retail broking firms in India. As on March 31, 2017, the HDFC Bank held a 97.91% stake in HSL and its total income was Rs.553.2 crore. Net profit for the year was Rs. 215.9 crore.HSL has total to 273 branches across 190 cities in the country serving 1.8 million customers.
  • HDB Financial Services Limited (HDBFS) is a non-deposit taking non-bank finance company (‘NBFC’) offering wide range of secured and unsecured loans to individuals, small and medium enterprises, including asset finance and consumer durable loans. It operates from 1,151 branches in 815 cities across the country. As on March 31, 2017, the HDFC Bank held a 96.20% stake in HDBFS.The net profit for the year ended March 31, 2017 was Rs.684.2 crore.            

 Mergers & Acquisitions:

  • 2000 - Times Bank Limited- a  new private sector bank promoted by Bennett, Coleman & Co. ( Times Group) was merged with HDFC Bank Ltd., effective on February 26, 2000
  • 2008 - Centurion Bank of Punjab merged with HDFC Bank On May 23rd, 2008.

Revenue & Profits of HDFC Bank Ltd:

Particular (in Cr.)

Mar’ 2017

Mar’ 2016

Mar’ 2015

Mar’ 2014

Mar’ 2013

Revenue

81602.45

70973.17

57466.25

49055.18

41917.49

Profit (PAT)

14549.66

12296.23

10215.92

8478.40

6726.28

Competitors:

  • State Bank of India (SBI)
  • ICICI Bank
  • Punjab National Bank
  • Axis Bank
  • CitiBank N.A

Awards:

  • “Asiamoney India Banking Awards 2017” awarded HDFC as “Best Domestic Bank - India”
  • “IBA Banking Technology Awards 2017” awarded HDFC for “Best IT Risk and Cyber Security Initiatives”.
  • Dun & Bradstreet - India's Leading BFSI Companies & Awards 2017, recognized HDFC is India's Leading Banks in Private Sector category.
  • “Business Today - KPMG India's Best Banks 2016” awarded HDFC for “Best Private Bank of the Year”, “Best Large Size Bank” & “Fastest Growing Large  Bank”
  • HDFC won “Best Bank Award” along with two other awards at “The Financial Express India's Best Banks 2016”
  • Won Best Bank in Cheque Truncation System (CTS) , Best Bank in National Automated Clearing House (NACH) , Best Bank in National Financial Switch (NFS),Runner up in Rupay Cards at National Payments Excellence Awards 2016
  • “J. P Morgan Quality Recognition Award” recognised HDFC as “Best in class straight Through Processing Rates” for the year 2015.

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